Question :
Z Ltd. offered to public 80,000 shares for subscription. Applications were received for 1,30,000 shares and pro rata allotment was made to the applicants. X applied for 52,000 shares and Y was allotted 16,000 shares.
On the basis of the above information, calculate
Question:- How many applications have been rejected?
Option 1: 50,000
Option 2: 20,000
Option 3: 40,000
Option 4: Nil
Correct Answer: Nil
Solution : Answer = Nil
Since the total number of shares offered was 80,000 and applications received were for 1,30,000 shares, 50,000 shares have been oversubscribed. Therefore, the number of rejected applications is nil, as all applicants were allotted shares on a pro-rata basis. No application was rejected altogether since pro-rata allotment was made to all the applicants.
